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Car rental giant Hertz is selling Tesla models for as low was $25,000...
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The biggest antitrust regulators are stepping up their scrutiny of the nation’s most powerful developers of artificial intelligence, the latest effort by the Biden administration to rein in what it views as anticompetitive behavior...
Continue ReadingLearn how to build a dividend income portfolio with reduced risk by carefully selecting ETFs and companies. Read more here...
Continue ReadingU.S. antitrust enforcers have decided to investigate the roles Microsoft, Nvidia and OpenAI have played in the artificial intelligence boom, according to people familiar with the pending actions. The Department of Justice will launch an investigation of chipmaker Nvidia, while the Federal Trade Commission will scrutinize close business partners Microsoft and ChatGPT-maker OpenAI, according to two people who were not authorized to publicly discuss details of the investigations and spoke to The Associated Press on condition of anonymity...
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Nvidia’s market value crossed that threshold for the first time Wednesday, closing at a valuation of around $3.01 trillion and even surpassing Apple. At a $3 trillion market cap, Nvidia’s stock is trading around 43 times projected earnings for the next four quarters...
Continue ReadingNvidia overtook Apple by market cap to become the second-largest company in the world. See why I suggest taking a wait-and-see approach for NVDA stock...
Continue ReadingApple is the stock in many investors' eyes again. Its market cap just popped above $3 trillion, joining Nvidia and Microsoft in the elite $3 trillion-plus club. On Thursday, the consumer electronics giant's IBD Relative Strength (RS) Rating improved to 71, up from 67...
Continue ReadingApple stock has rebounded in the second half of the year. Wall Street participants are now debating whether or not this is the time to buy shares of the iPhone maker. Apple shares are up 1.6% this year to $195.75 after spending most of 2024 in the red...
Continue ReadingTop Midday Stories: Microsoft, Nvidia Subjects of US Antitrust Investigations; Robinhood Buys Bitstamp; Starbucks Partners With GrubHub...
Continue ReadingThe US Justice Department and the Federal Trade Commission are looking to investigate Nvidia, OpenAI, and Microsoft. According to a report from The New York Times, the DOJ will investigate Nvidia (NVDA) to see if it has violated antitrust laws, while the FTC will probe Microsoft's (MSFT) and OpenAI's actions. It comes as The Wall Street Journal reports the FTC is probing whether Microsoft structured a deal with Inflection AI in a way to intentionally avoid regulator scrutiny. A Microsoft spokesperson tells Yahoo Finance, "Our agreements with Inflection gave us the opportunity to recruit individuals at Inflection AI and build a team capable of accelerating Microsoft Copilot, while enabling Inflection to continue pursuing its independent business and ambition as an AI studio. We take our legal obligations to report transactions under the HSR Act seriously and are confident that we have complied with those obligations." Yahoo Finance legal reporter Alexis Keenan breaks down what the investigations could mean for the companies. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Stephanie Mikulich...
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